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Yes we all know this, it's been repeated millions of times here by everyone and their mother. As i said in the first post, i am not an option trader, and i am not a daytrader. I use options conservatively with respect to my margin, to buffer my bias. Obviously today is just a bloodbath, and...

LONG 10x JAN 2010 109P at 21.7 SHORT 10x JUL 2007 99P at 2.5, EXIT at 0.9 +1.6 USO is at the top of the trading range, exiting short and waiting for pullback for reentry. If pullback does not occur and it breaks above the current range, will reenter as well.

Depends, if you plan to do a long term investment, fundamental is more important. But as a trader, i definitly am biased towards TA. Also technie doesnt automatically mean some guy trying to match all those fancy patterns, indicators, etc... Some of the best techies only use the very simple...

goldman is the leader of the pack to push oil price higher, they have a large stake in it. Of course they going to say that to prevent a major selloff until they could exit their positions. common sense...

This is really not trading, but gambling. No different than a blind bet by overleveraging the account, but instead you used expiring low premium options to limit the loss. The tradeoff of course is lower probability of a win.

The problem is you cannot trade oil based on normal technical like you do with stocks - assuming all risks are factored into the graph and it will tell you all. For oil, any event, for example the weekend meeting could overwrite all your technicals even if the analysis are correct. There are...

I think the only play here is long term (1+ year time horizon), and one must have the patience. Any short term trade is purely speculative and a gamble. Below is why i think oil will eventually fail....dramatically. 1) On a macro level, oil unlike a stock (ie: google) is heavily linked to...

i have 100 million world of warcraft gold, does that count?

So you decided to call a bunch of traders losers just because they are not clean shaven and neat. Instead of actually looking at their p&l, question their trading style, or the firm's platform/execution. You are the only fucking loser here.

whatever happened to this, i want to see his progress.

Just a word of advise, dont post on seekingalpha if want to remain credible that website is a cesspool of misinformation. I remember there was one article about etrade (dont remmeber exactly if the author was bullish or bearish) but he basically took some quotes from a few zealot posts on the...

Not to get technical with the terms, but i think vertical spreads are same expiration, different strike. horizontal spreads are different expiration same strike. What i am doing is different expiration, different strike, which makes it a diagonal spread. Yes selling es puts naked TOS...

This is misleading, i know what you are trying to say and agree but the wording is incorrect. A covered call implies you are holding the underlying along with the short call contracts. A naked put implies you are only holding the short put contacts. Someone with an $10000 account, may...

This is a continuation of this thread: http://www.elitetrader.com/vb/showthread.php?s=&threadid=123188 Since all the key posters have stopped playing, it's more appropriate for my to start a journal instead. All previous profits removed, account restarted as a clean slate at $25,000. Trades...

I am sorry didnt know i was at the oprah forum. Wake the fuck up, this is a trader's forum the only thing that matters is the p&l. Obama along with his fucking hope and dream robin hood bullshit will hurt many middle--upper middle class who are already paying a heavy tax. And for what? just so...

Do you (*#@*( idiots realize what obama will do to your trading accounts once become president. You think the current capital gain tax is bad? ......

People say money is just money, but it's tough when you see your entire account built ove the years literally getting wiped out. If it happened to anyone here, i am sure you will also be in total shock and anger. Unfortunately some never got pass this phase. That's one of the reason i will...

What a massive pile of shit to dig through. OP only 2 useful posts, one i quoted below and the other is by mand to read this book. You will never get far by asking people what stocks to buy, need to figure it out yourself...

That's irrelevant, because he would bought the stocks anyway at those prices and have the same loss.

1) Your statements are valid, if you have ENOUGH cash to cover a naked put trade, and your intention is to BUY the underlying anyway. Then it is a good strategy. I used it many times with good results. a) I want to buy 1000 shares of xyz at $20 b) I sell xyz 20P at $1 premium c) If xyz...